FedEx Commits USD10 Million to IIT Bombay and IIT Madras; Establish Centres of Excellence

The primary focus will be on addressing the complexities of cross-border logistics through innovation and the seamless integration of digital intelligence.

FedEx Express (FedEx) has committed a USD 10 million corporate social responsibility grant to the Indian Institutes of Technology (IIT) Bombay and IIT Madras to establish Centre of Excellence (COE). This COE will spearhead research and development and actively catalyz the growth of the startup ecosystem in India. 

This initiative will contribute to the establishment of a globally recognized "Centre of Excellence" (COE), strategically located within physical infrastructure on both IIT campuses. This COE will spearhead research and development while concurrently nurturing a dynamic talent pool, supporting fellowship programs for Master's and doctorate students, and actively catalyzing the growth of the startup ecosystem in India.

Raj Subramaniam, President and CEO of FedEx Corporation, underscored the significance of this initiative, stating, "At FedEx, we aspire to make supply chains smarter for everyone. Beyond reshaping the logistics landscape, we are also committed to making a meaningful contribution in our communities. We know our collaboration with these esteemed institutions will be important in achieving those goals.”

Prof. Subhasis Chaudhuri, Director, IIT Bombay, said, “IIT Bombay is committed to working closely with industry leaders to support the development of scalable and futuristic solutions and enable young, deserving minds that can facilitate the advancement of industries and solve the grand challenges being faced by them at the national and global level. Our collaboration with FedEx is a significant step in supporting the development of advanced logistics. These efforts in addressing some of the most pressing challenges such as digital transformation of supply chains and the integration of digital twins, will go a long way and create a profound impact.”

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